Index Investing News
Thursday, December 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Some thoughts on progress, freedom, and happiness

by Index Investing News
February 24, 2023
in Economy
Reading Time: 4 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


I recently took a car ferry across to the island of Chiloé.  In the distance, I could see work being done on a big new suspension bridge, which when completed will connect the large island province to the mainland.  My first reaction was disappointment; I came too soon to experience the convenience of the new bridge.

My second reaction was to wonder whether greater convenience actually makes us happier.  Riding the car ferry is a rather interesting experience, while driving over the bridge is somewhat more boring.  On the other hand, there’s the revealed preference argument—if there were an option between the bridge and the ferry, I’d have taken the bridge (even if the toll were equal to the ferry charge.)

But is this revealed preference argument actually as strong as it seems?  I don’t believe so.  To explain why I’ll use the example of GPS navigation.

I have always had a good visual memory (and a poor verbal memory).  Thus I am pretty good with maps, and am able to navigate in unfamiliar places based on the map in my mind.  When I was younger, I got great satisfaction from using this skill when traveling overseas.  My girlfriend called me “map head”.  It may sound odd, but I derived great utility from creatively solving a series of problems.

GPS has rendered my navigation skill to be almost worthless.  Now while driving in Chile I am just as much on autopilot as if I were driving to the grocery store in Orange County.  Yes, I am free to continue doing things the old way, ignoring GPS.  Indeed I often so so when alone.  But with my wife?  Who’s she likely to trust?

Progress imposes negative externalities on those who insist on doing things the old way.  The knowledge that something better exists tends to devalue the inferior product.  As a child, I watched The Wizard of Oz once a year on a black and white TV set.  Now that I know the film is actually (mostly) in color, I could not bear to watch it in black and white.

Or, as food experts tell us:  “Hunger is the best sauce.”

Nonetheless, I do believe that progress and happiness are closely related, but not because all these shiny new toys make us happier.  Rather I suspect that both progress and happiness are the effects of a third factor—freedom.  More specifically, I believe that people are happier when they are free to creatively engage in problem solving with the aim of making their lives better.  Whether the new inventions actually make them happier is immaterial; people derive satisfaction from pursuing their dreams.

Here’s V.S. Naipaul:

Familiar words, easy to take for granted; easy to misconstrue . . . This idea of the pursuit of happiness is at the heart of the civilization to so many outside it or on the periphery.  I find it marvelous to contemplate to what an extent, after two centuries, and after the terrible history of the earlier part of this century, the idea has come to a kind of fruition.  It is an elastic idea; it fits all men.  It implies a certain kind of society, a certain kind of awakened spirit.  So much is contained in it: the idea of the individual, responsibility, choice, the life of the intellect, the idea of vocation and perfectibility and achievement.  It is an immense human idea.  It cannot be reduced to a fixed system.  It cannot generate fanaticism.  But it is known to exist; and because of that, other more rigid systems in the end blow away.  (From a talk given in 1991–when the future still seemed bright.)

Of course, this post is merely restating a longstanding idea in philosophy—that it’s all about the journey, not the destination.

PS.  My wife and I were recently walking on a trail through the woods of Chiloé.  We could see the beach in the distance, and decided to walk in that direction.  Right before the beach we encountered a stream that blocked our path, so we never reached the beach.  At the same time, my wife was chatting with our daughter on the telephone.  My daughter was surprised that we didn’t know about the stream.  She could see it on a map that was tracking our movements on her phone, even though she was 6000 miles away!  She had that exasperated  “What’s wrong with you boomers” tone in her voice.

Modern technology allows us to plan trips in incredible detail.  But I sort of miss the serendipity of the travel that I did when young, when I didn’t know exactly what my trip would involve before leaving home.

But that’s just me.  My wife likes to plan.

Here’s that bridge project in the distance, through a porthole on the car ferry:

PPS.  Just as I am good with maps, I am lousy with languages.  I took three semesters of Spanish in college, and all I recall is “hola”.  While I find GPS to be annoying, I’d really appreciate an instantaneous language translating device when traveling overseas.  (My wife uses the iPhone translator, but it doesn’t actually work in the real world.)



Source link

Tags: freedomHappinessprogressthoughts
ShareTweetShareShare
Previous Post

Israel, Saudi Arabia Hold Talks On Increasing Military Ties

Next Post

Wang Yi meets Putin in sign of deepening China-Russia ties | Russia-Ukraine war News

Related Posts

It’s A Google Drawback – The Large Image

It’s A Google Drawback – The Large Image

by Index Investing News
December 22, 2025
0

    So let’s say you wish to purchase a live performance ticket. You search in Google and also you...

Sam’s Hyperlinks: Vacation Version

Sam’s Hyperlinks: Vacation Version

by Index Investing News
December 14, 2025
0

Sam works on innovation coverage at Progress Eire, an unbiased coverage suppose tank in Dublin, and runs a publication referred...

No matter Occurred to NFTs?

No matter Occurred to NFTs?

by Index Investing News
December 10, 2025
0

    Final week’s Sturgeon’s Corollary generated a little bit of pushback. Probably the most related questions have been about...

Housing: Provide vs. Amount – Econlib

Housing: Provide vs. Amount – Econlib

by Index Investing News
December 6, 2025
0

If there’s one factor we are able to depend on in America, it’s that our elected officers will see an...

The Return of Cisco – The Massive Image

The Return of Cisco – The Massive Image

by Index Investing News
December 2, 2025
0

    I’ve by no means shared this story earlier than, however since we're at a milestone, I would as...

Next Post
Wang Yi meets Putin in sign of deepening China-Russia ties | Russia-Ukraine war News

Wang Yi meets Putin in sign of deepening China-Russia ties | Russia-Ukraine war News

DaVita, Inc. (DVA) Q4 2022 Earnings Call Transcript

DaVita, Inc. (DVA) Q4 2022 Earnings Call Transcript

RECOMMENDED

Trade in Stock Market Predictions For THIS Proven Strategy

Trade in Stock Market Predictions For THIS Proven Strategy

August 23, 2023
Drowning within the Personal Fairness Pool

Drowning within the Personal Fairness Pool

April 9, 2022
Ollie’s Bargain Outlet: We Need A Breather, Run A House Position (NASDAQ:OLLI)

Ollie’s Bargain Outlet: We Need A Breather, Run A House Position (NASDAQ:OLLI)

September 4, 2023
Nicole Richie Shares Her Go-To Appears for the Holidays and Why They Do not Embrace Developments From ‘The Easy Life’

Nicole Richie Shares Her Go-To Appears for the Holidays and Why They Do not Embrace Developments From ‘The Easy Life’

November 23, 2024
Uncover Serenity in Telluride, CO

Uncover Serenity in Telluride, CO

March 19, 2025
S&P 500: The Psychology Behind Corrections And Why Buyers Ought to Purchase The Dip

S&P 500: The Psychology Behind Corrections And Why Buyers Ought to Purchase The Dip

July 23, 2024
Full Trailer for Bong Joon-ho’s Sci-Fi ‘Mickey 17’ with Robert Pattinson

Full Trailer for Bong Joon-ho’s Sci-Fi ‘Mickey 17’ with Robert Pattinson

September 18, 2024
Cryptosphere lost 61% less to hacks in 2022 vs 2021

Cryptosphere lost 61% less to hacks in 2022 vs 2021

January 9, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In